Gas & Leccy Providers.. Any insight much appreciated???!

korean_boro

korean_boro

Active member
Good eve..

I'm in the process of moving back full time to the UK, recently bought a flat in Leeds and wondering if anyone has any experience of service providers for a new account?

Is it a case of ringing round / price comparison sites or are there any companies or plans to AVOID?

It would be a great help to hear anyone else's tales of getting setup in 2022 and not having your pants pulled down haha (or maybe this is an imposibility).

Cheers for any help as always!

UTB x
 
It’s all shïte. Regardless of who you go with they will try to make you feel like you’re getting a good deal and that they’re doing you a favour.

I don’t think there’s really any other choice than fixing now as the price cap is only going to rise and rise again. It’s so wrong, but theres not much we can do at the minute.

I’ve seen a few things on social media about resisting and starting to fight back but you’ve got to be careful as you can end up in trouble and with bad credit. Either way, something needs to happen as the majority are going to be in fuel poverty by Christmas.
 
I've been with Ecotricity for a number of years now
https://www.ecotricity.co.uk/

A British company that has no shareholders and all profits are returned to Green Projects.
I've Spoke to a British telephone operator within a couple of minutes when I've had to ring them.
Also only one tariff and no fixed contract so you know you're not getting ripped off.
 
If you expect energy tariffs to continue to rise, but at a slower rate, and most experts do, then the standard variable price capped rate is the safest bet. Most of the fixed tariffs are based around energy costs increasing at an increasing rate. If that turns out to be the case you'll be quids in, but it seems unlikely. I would expect energy rates to decline a bit (not a lot) in 2023, so the standard variable price capped tariff is the smart choice.
 
I’m with Fleecethepublic.com they have a lovely cute Shaun the sheep mascot and they kindly look after more and more of my money, so no need for a pesky bank account anymore. Their customer service isn’t great though, I’m still on hold since two weeks ago as i haven’t received my free introductory box of matches they promised me to help get me through the coming winter, but I’m sure they’ll answer soon as a lovely lady keeps apologising for the delay in answering my call, bless her.
 
BillyBoyStu said:
I've been with Ecotricity for a number of years now
https://www.ecotricity.co.uk/

A British company that has no shareholders and all profits are returned to Green Projects.
I've Spoke to a British telephone operator within a couple of minutes when I've had to ring them.
Also only one tariff and no fixed contract so you know you're not getting ripped off.
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Quoted £370 a month... the ridiculousness begins!
 
coluka said:
I’m with Fleecethepublic.com they have a lovely cute Shaun the sheep mascot and they kindly look after more and more of my money, so no need for a pesky bank account anymore. Their customer service isn’t great though, I’m still on hold since two weeks ago as i haven’t received my free introductory box of matches they promised me to help get me through the coming winter, but I’m sure they’ll answer soon as a lovely lady keeps apologising for the delay in answering my call, bless her.
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You ve nailed it there. At least you know the score. A pair of heavy duty jump leads could reduce your leccy bill whilst you wait for them to answer.
 
Wasn't privatisation supposed to bring choice and competition? They will all be at max or just above on a fixed tariff recouping 10 times over their losses at the tax payers expense.
The £400 help is factors more back to the energy companies than the windfall tax brought in; theyve nationalised the losses and privatised the gains as always.
 
afcb_acklam said:
I've been with outfox the market for years and found nothing cheaper. And they have a great cartoon fox on the website.
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They were great for me but I fixed this week with GEUK, was an under the radar tariff and the fix is at £278 a month and with prices going north continuously it seemed like the right thing to do
 
JonnyHistory said:
Wasn't privatisation supposed to bring choice and competition? They will all be at max or just above on a fixed tariff recouping 10 times over their losses at the tax payers expense.
The £400 help is factors more back to the energy companies than the windfall tax brought in; they've nationalised the losses and privatised the gains as always.
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Probably losing money at SVR. Think you are confusing energy suppliers with producers, some do both but not all. There is a reason why fixed deals are so expensive compared to SVR
 
ThatFragranceGuy said:
Probably losing money at SVR. Think you are confusing energy suppliers with producers, some do both but not all. There is a reason why fixed deals are so expensive compared to SVR
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I understand some suppliers are not producers but I do not agree with money being funnelled to them from the taxpayer. There has been plenty of profits made since privatization that they could have protected themselves from much of this. Instead, they have paid out (at times) big dividends and bonuses and went for the short-term gains, as is the way in a capitalist system. Additionally, this subsidy they are about to receive will cover a huge % of their losses, if they can't run a robust enough business that a few months of high costs means they fail then they should be allowed to fail. And when they do, a public-owned company should give their customers the option to move to a publically owned utility that doesn't have shareholders to pay. As for the £400, that rebate should be given to the individuals, not direct to the energy companies, its a cost of living crisis, energy is not the only thing people will need some financial help with, let them decide where they need to spend their money.

Almost every other EU country has protected their population from the worst of these price hikes, we could do the same and the potential loss of profits for businesses should not impact that, they are in an industry with basically guaranteed cash flow and customers, if they can't keep a decent enough reserve after years of profits then that is on them.
 
JonnyHistory said:
I understand some suppliers are not producers but I do not agree with money being funnelled to them from the taxpayer. There has been plenty of profits made since privatization that they could have protected themselves from much of this. Instead, they have paid out (at times) big dividends and bonuses and went for the short-term gains, as is the way in a capitalist system. Additionally, this subsidy they are about to receive will cover a huge % of their losses, if they can't run a robust enough business that a few months of high costs means they fail then they should be allowed to fail. And when they do, a public-owned company should give their customers the option to move to a publically owned utility that doesn't have shareholders to pay. As for the £400, that rebate should be given to the individuals, not direct to the energy companies, its a cost of living crisis, energy is not the only thing people will need some financial help with, let them decide where they need to spend their money.

Almost every other EU country has protected their population from the worst of these price hikes, we could do the same and the potential loss of profits for businesses should not impact that, they are in an industry with basically guaranteed cash flow and customers, if they can't keep a decent enough reserve after years of profits then that is on them.
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The taxpayer has benefited from low rates when it was "good" though.

Looking through my last few years of DD's with my current supplier we've largely paid £50-65 a month.

By the same argument people could have put extra money aside for when prices might go up. Neither is really realistic.

They're obviously not in an industry with guaranteed cash flow given how many went bust due to becoming insolvent due to rocketing prices. The Uk energy market raced to the bottom on price for years and as prices shot up, they couldn't cope. Lot of energy suppliers have been loss making for years, but making the money back on generation. France insulated from price rises because their industry is nationalised. Most European countries are doing schemes similar to the Uk. If anything the government could do more by reducing vat, green levvies etc

What subsidy are you talking about that will cover their losses? The £400? If so that crazy talk. It is going direct to consumers by reducing the cost of their energy bill by £400 when bills are going up to £3600. It's not enough, but it certainly isn't going to cover energy suppliers losses from mid to late 2021 to whenever this eventually starts to go away, if it ever does.

Other assistance given has been on council tax and direct to bank accounts for those that qualify for the criteria, again more can be done but that's not energy suppliers, it's the government.
 
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